Global trophy homes go under the hammer in Mayfair

Brighter conditions expected across the world's top luxury housing markets in 2027, with Asia leading the pack, Milan outperforming in Europe - but London still under pressure.

Agency reckons speeding up transactions could tempt a sizeable cohort of would-be movers off the sidelines, and says scrapping stamp duty would have an even bigger impact.

Knight Frank's latest index shows annual growth slipped from 2.3% to 1.4% in Q1, but 91% of the 55 markets tracked were still in positive territory.